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TROW

TROW - T Rowe Price Group Inc Stock Price, Fair Value and News

110.96USD+0.06 (+0.05%)Market Closed
Watchlist

Market Summary

USD110.96+0.06
Market Closed
0.05%

TROW Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

TROW Stock Price

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TROW RSI Chart

TROW Valuation

Market Cap

24.8B

Price/Earnings (Trailing)

13.87

Price/Sales (Trailing)

3.84

EV/EBITDA

9.1

Price/Free Cashflow

27.24

TROW Price/Sales (Trailing)

TROW Profitability

EBT Margin

38.55%

Return on Equity

18.45%

Return on Assets

14.57%

Free Cashflow Yield

3.67%

TROW Fundamentals

TROW Revenue

Revenue (TTM)

6.5B

Rev. Growth (Yr)

7.73%

Rev. Growth (Qtr)

-1.72%

TROW Earnings

Earnings (TTM)

1.8B

Earnings Growth (Yr)

64.51%

Earnings Growth (Qtr)

-3.44%

Breaking Down TROW Revenue

Last 7 days

2.4%

Last 30 days

-1.5%

Last 90 days

11.3%

Trailing 12 Months

-7.4%

How does TROW drawdown profile look like?

TROW Financial Health

TROW Investor Care

Dividend Yield

4.4%

Dividend/Share (TTM)

4.88

Buy Backs (1Y)

0.33%

Diluted EPS (TTM)

7.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20236.2B6.3B6.3B6.5B
20227.7B7.3B6.9B6.5B
20216.6B7.1B7.4B7.7B
20205.8B5.8B5.9B6.2B
20195.4B5.4B5.5B5.6B
20185.1B5.2B5.4B5.4B
20174.4B4.5B4.6B4.9B
20164.2B4.1B4.2B4.2B
20154.1B4.1B4.2B4.2B
20143.6B3.8B3.9B4.0B
20133.1B3.2B3.3B3.5B
20122.8B2.8B2.9B3.0B
20112.5B2.6B2.7B2.7B
20101.7B1.9B1.9B2.4B
20091.9B1.8B1.7B1.5B
20082.2B2.2B2.1B2.1B
20070002.2B

Tracking the Latest Insider Buys and Sells of T Rowe Price Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 16, 2024
page sebastien
acquired
-
-
7,019
vice president
Feb 16, 2024
veiel eric l
acquired
15,344
1.32647
11,568
vice president
Feb 16, 2024
robert w. sharps
acquired
13,638
0.747536
18,244
ceo and president
Feb 16, 2024
stromberg william j
acquired
-
-
19,260
non-executive cob
Feb 09, 2024
hiebler jessica m
acquired
9,123
108
84.4318
principal accounting officer
Feb 09, 2024
hiebler jessica m
sold
-121,913
107
-1,138
principal accounting officer
Feb 09, 2024
hiebler jessica m
acquired
87,835
77.1842
1,138
principal accounting officer
Jan 31, 2024
jackson stephon a.
acquired
9,077
108
83.9175
vice president
Jan 31, 2024
jackson stephon a.
sold (taxes)
-1,322,870
108
-12,198
vice president
Jan 31, 2024
jackson stephon a.
acquired
1,175,850
75.8517
15,502
vice president

1–10 of 50

Which funds bought or sold TROW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 22, 2024
Scarborough Advisors, LLC
new
-
5,832
5,832
-%
Feb 21, 2024
V-Square Quantitative Management LLC
added
31.49
115,711
446,052
0.08%
Feb 21, 2024
Raleigh Capital Management Inc.
added
9.06
6,738
63,473
0.03%
Feb 21, 2024
SMITH SHELLNUT WILSON LLC /ADV
sold off
-100
-261,336
-
-%
Feb 20, 2024
Aurora Investment Counsel
reduced
-73.41
-987,708
431,184
0.28%
Feb 20, 2024
Quarry LP
reduced
-47.04
-17,797
21,215
-%
Feb 16, 2024
Aspect Partners, LLC
new
-
14,107
14,107
0.01%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
1.91
1,403,000
31,567,000
-%
Feb 16, 2024
SECURITY NATIONAL BANK OF SO DAK
reduced
-0.71
28,525
1,485,800
0.98%
Feb 16, 2024
SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/
reduced
-0.86
24,956
1,405,570
1.06%

1–10 of 45

Are Funds Buying or Selling TROW?

Are funds buying TROW calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own TROW
No. of Funds

Unveiling T Rowe Price Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
11.69%
26,117,725
SC 13G/A
Jan 29, 2024
state street corp
6.80%
15,188,277
SC 13G/A
Jan 25, 2024
blackrock inc.
8.7%
19,505,090
SC 13G/A
Feb 10, 2023
state street corp
6.69%
14,949,873
SC 13G/A
Feb 09, 2023
vanguard group inc
12.40%
27,714,213
SC 13G/A
Feb 07, 2023
blackrock inc.
8.2%
18,399,873
SC 13G/A
Oct 11, 2022
vanguard group inc
10.71%
24,169,568
SC 13G/A
Feb 14, 2022
state street corp
5.40%
12,126,661
SC 13G/A
Feb 03, 2022
blackrock inc.
8.4%
18,809,279
SC 13G/A
Feb 11, 2021
state street corp
5.06%
11,462,942
SC 13G

Recent SEC filings of T Rowe Price Group Inc

View All Filings
Date Filed Form Type Document
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
8-K
Current Report
Feb 16, 2024
10-K
Annual Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 12, 2024
4
Insider Trading
Feb 09, 2024
144
Notice of Insider Sale Intent
Feb 08, 2024
8-K
Current Report

What is the Fair Value of TROW?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

T Rowe Price Group Inc News

Latest updates
AmericanBankingNEWS14 hours ago
Yahoo Finance08 Feb 202408:00 am

T Rowe Price Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-1.7%1,6421,6711,6101,5381,5241,5881,5131,8631,9621,9541,9291,8271,7331,5961,4151,4631,4691,4271,3951,3271,305
Operating Expenses15.2%1,2551,0891,0771,0531,2711,0148449861,099958971934977867862755888768780795763
EBITDA Margin-100.0%-0.35*0.34*0.31*0.30*0.39*1.22*0.50*0.55*0.59*0.62*0.61*0.52*0.48*0.46*0.42*-----
Income Taxes19.6%17314515917899.0013410116517922725923121622224040.00156157184181118
Earnings Before Taxes10.8%6475846406203894923896799139851,1029951,146921969207750702740735390
EBT Margin9.5%0.39*0.35*0.34*0.31*0.30*0.36*0.41*0.48*0.52*0.57*0.59*----------
Net Income-3.4%438453476422266384340568741777816749783643603343545546528513352
Net Income Margin8.6%0.28*0.25*0.25*0.23*0.24*0.29*0.33*0.38*0.40*0.42*0.42*----------
Free Cashflow-163.6%-239376323451-1957135561,0493011,232744----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-2.2%12,27912,55712,62112,15711,64311,99311,76912,34812,50911,45111,27910,76410,65910,1359,4778,6379,3309,3988,9128,4597,689
    Cash Equivalents-16.9%2,1442,5792,2502,0941,7562,4442,1872,0851,6243,5103,5712,9142,2572,3062,1831,6801,8582,2941,9131,7341,495
  Net PPE0.9%807799771762756753747736736719717704695682685675674679672667661
  Goodwill0%2,6432,6432,6432,6432,6432,6522,6522,6442,693666666666666666666666666666666666666
Liabilities-16.3%1,9882,3752,1702,0831,9562,2982,0312,2312,2552,1022,5061,7431,3901,6661,6371,2321,1071,4551,3211,261825
Shareholder's Equity3.2%9,6979,4009,4669,2408,8409,1159,1739,3279,2718,2627,8938,0087,7077,1296,7516,4347,1026,8406,5796,3116,124
  Additional Paid-In Capital-10.4%432482521502438499655668920655674655655655655655655655655655655
Shares Outstanding-----------------235--236-
Minority Interest-13.3%192222202194191207209272249------------
Float-------25,200---44,600---27,800---25,600--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-133.5%-157470395512-1357686241,1033611,2898079952.0027685378822.00552370579134
  Share Based Compensation76.6%96.0054.0057.0059.0010063.0059.0064.0010852.0056.0058.0082.0053.0053.0058.0071.0045.0047.0044.0062.00
Cashflow From Investing-48.2%90.00174-78.40-57.5028.00-43.80-29.504.00-1,15552.0037.00-30.8017.00-55.50-25.2028.00-247-47.605.00-33.80-45.10
Cashflow From Financing-55.2%-461-297-175-144-460-485-486-644-1,097-1,398-185-307-67.00-108-318-992-209-121-195-306-776
  Dividend Payments0.0%280280280282275276277279248949253252210210211215184183183185172
  Buy Backs-0.8%10510642.008.0011422519932063321841.0025935.00142142891134173164231543

TROW Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Net revenues$ 6,460.5$ 6,488.4$ 7,671.9
Operating expenses   
Compensation and related costs2,673.52,320.82,383.0
Distribution and servicing costs289.9301.5373.9
Advertising and promotion114.297.3100.2
Product and recordkeeping related costs291.0300.1236.3
Technology, occupancy, and facility costs632.6560.5484.9
General, administrative, and other$ 421.3412.2383.6
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]Change in fair value of contingent consideration  
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]Acquisition-related amortization and impairment costs  
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]Acquisition-related amortization and impairment costs  
Change in fair value of contingent consideration$ (82.4)(161.2)0.0
Acquisition-related amortization and impairment costs134.2283.50.0
Total operating expenses4,474.34,114.73,961.9
Net operating income1,986.22,373.73,710.0
Non-operating income (loss)   
Net gains (losses) on investments355.2(204.7)215.8
Net gains (losses) on consolidated investment products164.6(203.5)74.7
Other losses(15.7)(17.3)(5.9)
Total non-operating income (loss)504.1(425.5)284.6
Income before income taxes2,490.31,948.23,994.6
Provision for income taxes654.6498.6896.1
Net income1,835.71,449.63,098.5
Less: net income (loss) attributable to redeemable non-controlling interests47.0(108.3)15.6
Net income attributable to T. Rowe Price Group$ 1,788.7$ 1,557.9$ 3,082.9
Earnings per share on common stock of T. Rowe Price Group   
Basic (in dollars per share)$ 7.78$ 6.73$ 13.25
Diluted (in dollars per share)$ 7.76$ 6.70$ 13.12
Investment advisory fees   
Revenues   
Net revenues$ 5,747.7$ 5,969.1$ 7,098.1
Capital allocation-based income   
Revenues   
Net revenues161.9(54.3)0.0
Administrative, distribution, and servicing fees   
Revenues   
Net revenues$ 550.9$ 573.6$ 573.8

TROW Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS  
Cash and cash equivalents$ 2,066.6$ 1,755.6
Accounts receivable and accrued revenue807.9748.7
Investments2,554.72,539.2
Assets of consolidated sponsored investment products ($1,204.4 million at December 31, 2023 and $1,375.6 million at December 31, 2022, related to variable interest entities)1,959.31,603.4
Operating lease assets241.1279.4
Property, equipment and software, net806.6755.7
Intangible assets507.3629.8
Goodwill2,642.82,642.8
Other assets692.5688.7
Total assets12,278.811,643.3
LIABILITIES  
Accounts payable and accrued expenses409.5406.7
Liabilities of consolidated sponsored investment products ($35.2 million at December 31, 2023 and $39.1 million at December 31, 2022, related to variable interest entities)54.289.1
Operating lease liabilities308.5329.6
Accrued compensation and related costs240.8228.0
Supplemental savings plan liability895.0761.2
Contingent consideration liability13.495.8
Income taxes payable66.246.0
Total liabilities1,987.61,956.4
Commitments and contingent liabilities
Redeemable non-controlling interests594.1656.7
STOCKHOLDERS’ EQUITY  
Preferred stock, undesignated, $.20 par value—authorized and unissued 20,000,000 shares0.00.0
Common stock, $.20 par value—authorized 750,000,000; issued 223,938,000 shares at December 31, 2023 and 224,310,000 at December 31, 202244.844.9
Additional capital in excess of par value431.7437.9
Retained earnings9,076.18,409.7
Accumulated other comprehensive loss(47.5)(53.0)
Total stockholders' equity attributable to T. Rowe Price Group, Inc.9,505.18,839.5
Non-controlling interests in consolidated entities192.0190.7
Total permanent stockholders' equity9,697.19,030.2
Total liabilities, redeemable non-controlling interests and permanent stockholders’ equity$ 12,278.8$ 11,643.3
TROW
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.
 CEO
 WEBSITEwww.troweprice.com
 EMPLOYEES7903

T Rowe Price Group Inc Frequently Asked Questions


What is the ticker symbol for T Rowe Price Group Inc? What does TROW stand for in stocks?

TROW is the stock ticker symbol of T Rowe Price Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of T Rowe Price Group Inc (TROW)?

As of Fri Feb 23 2024, market cap of T Rowe Price Group Inc is 24.82 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TROW stock?

You can check TROW's fair value in chart for subscribers.

What is the fair value of TROW stock?

You can check TROW's fair value in chart for subscribers. The fair value of T Rowe Price Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of T Rowe Price Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TROW so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is T Rowe Price Group Inc a good stock to buy?

The fair value guage provides a quick view whether TROW is over valued or under valued. Whether T Rowe Price Group Inc is cheap or expensive depends on the assumptions which impact T Rowe Price Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TROW.

What is T Rowe Price Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Feb 23 2024, TROW's PE ratio (Price to Earnings) is 13.87 and Price to Sales (PS) ratio is 3.84. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TROW PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on T Rowe Price Group Inc's stock?

In the past 10 years, T Rowe Price Group Inc has provided 0.059 (multiply by 100 for percentage) rate of return.